Incurred Cost Submissions for Government Contractors

As May wraps up, there is a deadline looming for many government contractors. Eric Poppe and Javier Diaz, members of Cherry Bekaert’s Government Contractor Services Group talk about preparing and submitting your annual Incurred Cost Submissions (ICS). An ICS is due six months after the end of your fiscal year and is based on the requirement of the Allowable Cost and Payment Clause. Discussion includes items required to compile your indirect rates, documents needed to prepare the submission, the submission process and potential pitfalls so you are on the lookout prior to submission to DCAA.

View All Government Contracting Podcasts

 

Eric Poppe

Advisory Services

Managing Director, Cherry Bekaert Advisory LLC

Past Episodes

Podcast

November 19, 2024

18:36

Speakers: Lynnette Leidwinger, Brendan Halloran

Explore key subcontracting insights, including compliance reviews, teaming arrangements, and hiring tips for government contractors.

Podcast

November 14, 2024

22:36

Speakers: Michael G. Cippel, Irwin Kaplan

Discover year-end planning essentials for government contractors, including contractor waterfall insights, cash forecasting & monthly performance tracking.

Podcast

November 11, 2024

20:43

Speakers: Sarah McGregor, Brooks E. Nelson, Mark Giallonardo

Learn how to claim disaster losses and defer casualty gains under IRS rules. Explore relief measures for individuals and businesses affected by disasters.